Washington, D.C.  20549

                          FORM 8-K

                       CURRENT REPORT

            Pursuant to Section 13 or 15(d) of the
               Securities Exchange Act of 1934

             Date of Report:  December 14, 2001
    (Date of Earliest Event Reported:  December 12, 2001)

                     EL PASO CORPORATION
   (Exact name of Registrant as specified in its charter)

      Delaware                  1-14365          76-0568816
(State or other jurisdiction (Commission      (I.R.S. Employer
   of incorporation)           File Number)    Identification No.)

                      El Paso Building
                    1001 Louisiana Street
                    Houston, Texas 77002
     (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code (713) 420-2600

Item 5.   Other Events

       On December 12, 2001, we announced a plan to enhance
       our balance sheet through a combination of asset
       sales, capital spending reductions, retained
       earnings, equity financings and the elimination or
       renegotiation of ratings triggers on certain of our
       financing transactions. A copy of our press release
       is included as Exhibit 99.1 to this Current Report
       on Form 8-K.

Item 7.Financial Statements and Exhibits

       c)   Exhibits.

          Exhibit Number    Description
          --------------    -----------

           99.1             Press release dated December 12, 2001


Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly

                              EL PASO CORPORATION

                              By: /s/ Jeffrey I. Beason
                                      Jeffrey I. Beason
                                        Senior Vice
                                President and Controller
                                (Chief Accounting Office)

Date:  December 14, 2001

                        EXHIBIT INDEX

Exhibit Number     Description
--------------     ------------

     99.1          Press release dated December 12, 2001